HUMAN FACTORS
HUMAN FACTORS
DRESDNER CLOSES ASIAN EQUITY OPERATIONS, CUTTING350 JOBS
Dresdner Kleinwort Wasserstein, the investment banking arm of Germany’s Dresdner Bank, has confirmed it is axing its equities businesses in Hong Kong, India, Korea, Malaysia, Singapore and Taiwan. The cuts total approximately 350 jobs or 4 percent of the bank’s staff worldwide.
The cuts will eliminate DrKW’s equity sales, trading and research and online markets businesses in the regions in the front and back office. The bank would not break
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